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20110727
20110727
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as a public service. >> "washington journal" continues. host: we are back live jon hilsenrath of "the wall street journal." taking a look at this week's economic rebound, that is what the- taking a look at weak economic rebound. here is the headline from "the wall street journal" this morning, "companies bracing for the fall." guest: american companies are operating in a very uncertain environment right now. they have been disappointed by what happened in the first half and have been talking to companies over the last few days. they were expected to have a good pickup in spending in the first half of the year and it did not happen. whether or not they have cut inventories or are deciding whether or not to cut back beyond that, what they do not want is uncertainty, which is what they are getting. host: the chief at the financial times is saying that for his business, small and mid-sized companies are pulling back and are not sure. guest: right. this is largely because of the uncertainty that they face. there is a risk of financial disruption. the faults, downgrades. you never really know h
tension. host: jon hilsenrath, thank you so much for your time this morning. that is it for today. the house is about to come into session. [captioning performed by national captioning institute] [captions copyright national cable satellite corp. 2011] signed, john boehner, speaker of the house of representatives. the speaker pro tempore: pursuant to the order of the house of january 5, 2011, the chair will now recognize members from lists submitted by the majority and minority leaders for morning hour debate. the chair will alternate recognition between the parties with each party limited to one hour and each member other than the majority and minority leaders and the minority whip limited to five minutes each, but in no event shall debate continue beyond 11:50 a.m. the chair at this time recognizes the gentleman from oregon, mr. defazio, for five minutes. mr. defazio: well, this week we've just disproven two items of republican orthodoxy and that is corporations don't pay taxes, only individuals pay taxes. and tax cuts create jobs. what am i talking about? well, last friday the
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